In a transaction valued at US$250m, Jet Aviation has taken over Hawker Pacific, which specializes in civil MRO, fleet and FBO services, as well as aircraft sales, operating across the Asia-Pacific and Middle East regions.
“We are now in a position to further expand our current portfolio, enter new markets across Asia-Pacific and the Middle East, and offer more options and value to our customers worldwide,” said Rob Smith, president at Jet Aviation.
“Bringing together these two well-established brands reinforces our position as one of the world’s leading business aviation service providers.”
The acquisition adds 19 locations across Asia-Pacific and the Middle East to Jet Aviation’s global network, including seven FBOs, 14 MRO facilities and more than 400,000ft² (37,000m²) of hangar space. More than 800 employees will also become part of Jet Aviation.
May 10, 2018